IDT and PLX Technology Agree to Terminate Merger Agreement

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Integrated Device Technology
IDTI
and PLX Technology
PLXT
today announced that they have mutually agreed to terminate their merger agreement pursuant to which IDT would acquire PLX Technology. Concurrently, IDT also announced that it is withdrawing its related exchange offer to acquire all of the issued and outstanding shares of common stock, $0.001 par value, of PLX Technology and instructed Computershare, the exchange agent for the exchange offer, to promptly return all previously tendered shares. As of the close of business on December 19, 2012, 21,876,215 shares were previously
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Posted In: NewsGuidanceContractsManagementM&AGlobal
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